How to have credit cards without a paycheck 2017
In the absence of a demonstrable income, it is difficult to obtain financing, but the market has introduced suitable solutions also for this category of users, made up of atypical workers, housewives and unemployed. In fact, together with loans without paychecks, revolving cards without demonstrable income have appeared on the financial market for some years.
But what are their characteristics, how to request them and what are the most advantageous products? Let’s see it together.
The guarantees to be presented
Revolving cards allow you to support the installment payment of your purchases. They are a kind of credit card with an amount that is defined with the lender when the issue is determined. The agreed amount is deducted from the card when payments are made, the cardholder is then called to clear the debt in monthly installments.
In this way, the card recharges and consequently redefines the credit, or the liquidity to be used to carry out the expenses. Revolving cards present interest expense to be incurred, since, in essence, they are similar to loans.
Even in the absence of an income, revolving cards can be obtained without demonstrable income, but it is still necessary to offer sufficient guarantees to the bank or financial institution. These can be made up of a guarantor or a property to be mortgaged. All elements that reduce the customer’s risk of insolvency.
The conditions of disbursement vary from bank to bank, so we recommend that you contact the various bodies directly.
Who grants revolving credit cards
But who grants revolving cards without demonstrable income? There are several lenders that offer products of this type to their account holders. The aim is to provide customers with a small reserve of money that can be used in case of sudden expenses.
Among the main institutes that provide revolving cards without demonstrable income we mention Cream Bank. The card in question is called Mega Astro, available in two versions, one reserved for younger customers and the classic one. In both cases, to obtain it you need to have a Cream Bank account.
It is not said, however, that the presence of an income is an indispensable element for the granting of the card. The institute will make the appropriate assessments, deciding whether or not to provide Astro Card to the applicant.
Cream Bank credit cards
Holders of the Astro Classic Card and the Astro Youth Card can use different refund methods, including the installment method. The amounts vary from 750 to 5,000 USD.
Those who choose to switch to the revolving method for reimbursement of the expenses made can notify the Bank of this within the last day of the current month. In this way it will be possible to reimburse all the expenses made in the month with an amortization plan in monthly installments, with a minimum amount of 50 USD. As regards the interest rate, the TAN is fixed and equal to 13.90%.
Each installment is made up of a principal and an interest. Whenever the beneficiary of the credit line repays an installment, the repaid principal portion restores the credit limit of the card. Obviously what has been said in compliance with the card availability limits. The credit available can be used for subsequent purchases.